Let us introduce a line of blog posts by a specially invited author and financial expert. The first part describes the history of LEI codes. The world’s most valuable resource is no longer oil, but data (Economist, 2017). Over 2 billion people born since the year 2000 are digital natives – people whose lives on and off-line are one and the same...
ESMA has released its final report on the Securities Financing Transactions Regulation (SFTR) along with amended validation rules for non-EU legal entity identifiers (LEIs) that threatened to “severely impact liquidity” under the original reporting timetable.
LEI is a 20-character Code Assigned to Each Legal Entity
Legal Entity Identifier (LEI) was created in order to bring transparency by linking institutions to financial transactions and increasing transparency in the global financial system.
The LEI system is based on the ISO 17442 standard that was created in response to the Global Financial Crisis of 2008 and endorsed by the leaders of the World’s top 20 largest economies, the G20. GetLEI is an official Registration Agency (RA) powered by LOU (Local Operating Unit) in more than 203 countries worldwide.
LEI code was built to help identify any business entity globally and consistently. Previously countries had own company registration number formats (ID numbers) and databases, without a unique and united code that can be accepted and clearly understood by the global financial markets. Today it is possible to identify legal entities by searching them using a publicly available database operated by GLEIF (Global Legal Entity Identifier Foundation). LEI data includes:
The official name of the legal entity or of the fund manager;
Registry name and registry number;
The legal form of the company;
ISO country code (e.g. LV);
Date of the first issue of the LEI;
The registered office of the headquarters or of the fund manager;
Due date of the next LEI renewal;
Date of the last change of the saved information.
How to get LEI
Just a few easy steps to get LEI
Automation is a winning strategy and we do focus on expediency to issue an LEI as soon as possible. We created a simple LEI registration process which takes just a few minutes of your time. Please do LEI Search / Lookup before placing a new order as only one LEI can be assigned to an entity.
1.Select package and complete payment via available payment methods.
2.Find your company via global database
3.Receive LEI code via e-mail and our management platform
Our team prepared a list of basic questions with detailed answers about the Global LEI System (GLEIS). It will take just a few minutes to run through them to learn the basics of LEI. If you still have question, please contact our team directly.